The owner of the Hoosier Park racino in Anderson says it has officially purchased the bankrupt Indiana Grand and Downs in Shelbyville for $500 million.
The proposed buyer is CEP Inc., a holding company led by Fortune Industries CEO Tena Mayberry and Chief Financial Officer Randy Butler, who first bid for the company last March.
Here’s what we don’t know: what it will look like, what amenities users can expect, and how it will link to rapid-transit lines still in the planning stages. At the moment, the 1.9-acre parcel is a city-owned parking lot, situated on the south side of Washington Street between Delaware and Alabama streets. But architecture, urban planning and mass transit fans imagine it as an empty canvas, with the potential to showcase a signature structure that triggers more development nearby.
The five-story, $22.9 million building would be constructed on university-owned land at the northeast corner of New York Street and University Boulevard.
Gov. Mike Pence is unhappy with a two-year budget proposal from House Republicans released Friday that would replace his proposed tax cut with more funding for education and roads. Pence closed his Statehouse office Friday morning for “out of office staff meetings.”
The Indianapolis Motor Speedway will need far more money than it will get from a proposed state tax subsidy if it hopes to be in the top tier of U.S. racing venues, sports business experts said.
As the president noted, no one should doubt that raising a family while earning minimum wage is a hard business; perhaps that is why almost nobody does it.
You’ve heard the talk that the bottom-line reason for the General Assembly to meet this year is to fashion a two-year budget that will carry the state through June 30, 2015.
The House Ways and Means Committee cleared the bill, which would allow voters to decide whether to add 0.3 percent to local income tax rates to pay for a proposed central Indiana mass-transit system.
Zionsville’s Board of Zoning Appeals on Tuesday rejected retail giant Walmart’s request to build a bigger store at 10950 N. Michigan Road. Residents opposed the plans for a 156,621-square-foot Supercenter, open 24 hours a day, because of its size and its potential impact on local businesses. The proposed store needed a zoning variance because it would have been about 31,000 square feet larger than the maximum size permitted. Walmart must wait a year before asking again.
The bill would stop Indiana from using updated soil productivity figures in setting new property tax rates this year. The Legislature would consider a revised approach next year.
The IMS's first request for taxpayer assistance after more than 100 years in business has triggered heavy sighs from people fighting against such sports subsidies. If approved, does this open the door for more?
Nearby businesses hope upgrades to the Indianapolis Motor Speedway from a proposed state taxing district would pave the way for additional offerings at the venue, including night racing.
As legislators brace for a $250 million annual transportation spending gap down the road, the Indiana Department of Transportation has designated more than one-third of its entire federal highway aid this year toward building 27 miles of Interstate 69 between Crane and Bloomington.
Senate Utilities Committee chairman Sen. Jim Merritt said Thursday he's delayed until next week a hearing on the bill involving Indiana Gasification LLC's planned $2.8 billion plant in the Ohio River city of Rockport.
House Republican leaders toured an Indianapolis preschool Wednesday, one day before the House Education Committee takes up a proposal to give preschool vouchers to low-income families in a small number of cases.
The state lawmaker trying to overhaul Indiana's specialty auto license plate system said Wednesday he believed a compromise has been reached on changes.
